R Fundraising Limited (05437873): administration
- Status
- Administration ended
- Administration began
- 2015-08-03
- Administrators
- Jonathan James Beard, John Walters
- Administrators' firm
- Begbies Traynor
- Formerly
- Relationship Marketing Limited
- Incorporated
- 2005-04-27
- Location
- Brighton
- Industry
- 82990 Other business support service activities n.e.c.
From the administrators' statement
The Company operated two call centres in Dunfermline and Manchester, which provided outsourced telephone fundraising services to a vanety of charities
The Company was acquired by FIHL (‘the Group’) in early 2015 following a management buy out The acquisition was completed notwithstanding a due diligence report produced at the time, which raised concerns regarding the future viability of the Company We understand that since the acquisition there have been a restructure of management within the Group
Following the acquisition, the directors of the Company undertook a program of cost saving measures In order to address the Company's cash-flow tssues In particular, a number of redundancies were made and plans were being put in place to consolidate the business at one site rather than at both Dunfermline and Manchester Throughout this time the Company was heavily relant upon funding from the Group in order to meet day to day expenses and ensure that staff were paid
Administrators' statement of proposals (2015-10-06) · Companies House register